Aero Contractors (Nigeria) CEO Ado Sanusi has urged the Federal Government to reverse the current high interest rates affecting businesses in the country. Sanusi emphasized that a reduction in interest rates is crucial for Nigerian airlines to fully benefit from the Cape Town Convention protocol, which aims to facilitate asset-based financing and leasing for aircraft.
Lufthansa Technik (Germany) has announced plans to invest significantly in a new facility near Porto, Portugal, as part of its global expansion strategy. The project, slated for completion by the end of 2027, underscores Lufthansa Technik’s commitment to enhancing its maintenance, repair, and overhaul (MRO) capabilities in Europe.
flydubai (UAE) has achieved a significant milestone by obtaining the GCAA CAR 147 Approved Maintenance Training Organization certification. This accreditation enables the airline to independently conduct in-house maintenance and engineering training programs, further solidifying its commitment to operational excellence and workforce development.
Cargojet (Canada) has announced its intent to secure federal funding for the development of a new aircraft Maintenance, Repair, and Overhaul (MRO) facility in Ontario. The facility is designed to support Cargojet’s fleet of 41 Boeing 757 and 767 freighters, while also providing services to other airlines and operators.
Malaysia Airlines has announced the extension of its partnership with MJets Air (Malaysia), appointing the carrier as its dedicated narrow-body freighter operator. This collaboration is aimed at enhancing the efficiency and capacity of MAB Kargo, the airline’s cargo division.
Jazeera Airways (Kuwait) has announced the approval of a significant investment to purchase six Airbus A320ceo aircraft, currently operated under lease agreements. The total transaction value is $180.9 million, and the airline plans to finance the purchase through a combination of bank loans and internal resources.
GOL Linhas Aéreas Inteligentes (Brazil) has entered into two sale-leaseback agreements with SKY Aero Management (Ireland) for three Boeing 737 MAX 8 aircraft. This strategic move is part of GOL’s fleet optimization and financing strategy, leveraging sale-leaseback arrangements to maintain operational flexibility and liquidity.
Garuda Indonesia, the national flag carrier of Indonesia, has announced plans to expand its fleet by adding 15-20 aircraft in 2025. This ambitious move reflects the airline’s strategy to strengthen its operations and meet the rising demand for air travel in both domestic and international markets.
Aircastle (US) has completed the delivery of its first Boeing 737-9 MAX to United Airlines (US), marking the start of a series of six planned deliveries in 2024 and 2025. This aircraft is the first of the new MAX 9s that will join United’s growing fleet as part of its ongoing modernization and expansion efforts.
Air India has officially disclosed its latest orders for 100 Airbus aircraft, including 10 A350s and 90 A320 Family jets, further bolstering its fleet expansion plans. The announcement underscores Air India’s strategic focus on modernizing its fleet and scaling its operations to meet growing passenger demand.
